3. Abacus NY Bank has the balance sheet given below. Calculate the weighted average duration of the assets, weighted average duration of the liabilities, and the Duration Gap. If interest rates fall by 1.5 percent, what would be the change in EVE? (10 points) Assets Yield Rate Market Value 88 Duration Years 3.1 Cash 1.75% In Millions Duration Liabilities & Years Equity Time deposits 6.0 Other deposits Borrowed funds Equity Total 4.3% 3.1% 1.1% 2.9% Market Value 179 794 52 137 1,162 Loans Bonds Other assets Total 1.2 1.5 932 121 21 1,162